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Integrated Risk Management in Multinational Corporations

  • Lima ZhaoEmail author
  • Arnd Huchzermeier
Chapter
Part of the EURO Advanced Tutorials on Operational Research book series (EUROATOR)

Abstract

This chapter synthesizes the conceptual framework and empirical investigation of IRM (integrated risk management). We start by comparing frameworks of IRM and ERM (enterprise risk management). Next, we discuss risk attitudes and objective formulations in quantitative optimization. Finally, we present various risk measures and classify risk management strategies according to their treatment of risk.

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Copyright information

© Springer International Publishing AG, part of Springer Nature 2018

Authors and Affiliations

  1. 1.Associate Professor of Supply Chain Management, Ningbo Supply Chain Innovation Institute ChinaMIT Global SCALE NetworkNingboChina
  2. 2.Chair of Production ManagementWHU-Otto Beisheim School of ManagementVallendarGermany

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